Mathematics with Specialization in Actuarial Science, MA

Central to Evaluating Risk & Opportunity.

Central’s MS in Mathematics: Actuarial Science prepares students for work in life, health, and property casualty insurance as well as consulting firms and government agencies analyzing risk and solving financial problems. Coursework covers a substantial portion of the material on the first four examinations of the Society of Actuaries and the Casualty Actuarial Society.

The program provides a deep understanding of the mathematical foundations of actuarial work and the ability to construct deterministic and stochastic models. Graduates are prepared for the P and FM exam along with partial preparation of IFM, STAM and LTAM. For those that enter with some exams passed there are a large range of courses in statistics and data science that can be taken.

Program Features

  • Starts in January and August
  • 30-credit program
  • Attend full- or part-time
  • Classes offered evenings on-campus and online
  • Financial aid is available

Admissions Contact

Graduate Recruitment & Admissions

Academic Contact

Frank Bensics
Assistant Professor
Mathematical Sciences

Academic Department

Mathematical Sciences

Did You Know?

The median annual wage for actuaries was $111k in May 2020. Employment of actuaries is projected to grow 24% from 2020 to 2030, much faster than the average for all occupations.

What You'll Gain

  • Working knowledge of insurance and financial instruments, including derivatives
  • Ability to construct both deterministic and stochastic valuation models
  • Estimate both parametric and nonparametric models for frequency and severity and use the models to estimate the distribution of total losses and the probability of ruin